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LendingClub’s Laplanche Starting New Online Lender

PYMNTS

LendingClub’s former CEO, Renaud Laplanche, who stepped down in May, sending shockwaves throughout the online lending industry, is gearing up to launch a new lender online called Upgrade. The loans will be issued by WebBank out of Utah and later purchased by Upgrade.

Online 100
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Amazon Plans Whole Foods Expansions In Closed Sears Stores

PYMNTS

The recent woes of Sears and other struggling retailers are seen as an opportunity for the online retail giant. For example, Whole Foods managers went to a site in Utah that used to be a Kmart. In November, Amazon announced the expansion of grocery pickup from Whole Foods Markets through Prime Now in eight more cities.

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VR Startups Create Entertainment Locations In Old Retail Space

PYMNTS

Virtualities, the company that runs virtual reality theaters and arcades, has been opening up locations in strip malls and retail space that are being abandoned due to the move toward online shopping. The Void, another VR entertainment company has a VR park in Lindon, Utah which combines a physical set with VR film experiences.

Utah 103
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Amazon To Build More Whole Foods Locations

PYMNTS

According to the report in the Wall Street Journal , Whole Foods Market aims to have stores in more suburban areas where it has been gaining customers since Amazon bought it. Amazon wants to expand its Prime Now, two-hour delivery service and online grocery pickup from Whole Foods by as much as possible.

Wyoming 159
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Lease-To-Own Business Fueled By Acima Acquisition; Company Boasts Triple-Digit Growth

PYMNTS

Rent-A-Center is buying Utah-based Acima , has been the owner of an incredible growth record, even for the payments and credit business. For its part, Acima has been playing — and growing — in the lease to own (LTO) market since 2013. It was also tabbed by Utah Business magazine as the fastest-growing company in the state.

Company 154
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98
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N26: Cloud-Banking Core Key To Meeting Consumers’ Mobile Banking Needs

PYMNTS

Many banks braced themselves for an oncoming surge in the number of consumers accessing their financial accounts online or via mobile banking apps, but safely and seamlessly providing that access remained tricky for many in the space. FACILE will be marketed as a competitor to other digital-only banks making headway in the U.S.,

Meeting 227